This morning, Apple Inc.’s (AAPL) market value passed that of Hewlett-Packard (HPQ).
Currently, HP shares are down $0.05, at $47.49. With 2,618,889,000 shares outstanding, HP has a market value of $124,371,038,610.
Apple shares are up $9.02, at $146.28. With 864,948,000 shares outstanding, Apple has a market value of $126,524,593,440.
Other market values of companies of interest include:
• Microsoft (MSFT) – $289,730,780,280
• IBM (IBM) – $175,565,944,480
• Intel (INTC) – $140,950,600,000
• Nokia (NOK) – $107,821,075,960
• Dell (DELL) – $66,172,115,820
• Sony (SNE) – $51,738,994,890
• Research in Motion (RIMM) – $42,186,287,000
• Motorola (MOT) – $40,598,417,260
• Gateway (GTW) – $568,332,270
Quotes via NASDAQ are here.
Yes! Acquire Adobe and save them from themselves – before they bloat again.
Why gloat over HP’s surpassing? Even Steve Jobs admired HP in the early 80’s when they were developing laser printers. He thought HP was doing some things better than Apple was doing in R&D.
Surpassing HP is a milestone, not for vengeful reasons (as DELL was last year in January), but for the reasons of significance. We must remember, HP represents the old HP, then Compaq, then Digital, as well, and a few other small players that HP gobbled up on its way. HP is an admirable company. To surpass HPs market cap is a remarkable feat, especially for a company that was only ten years ago almost pronounced dead.
HP will definitely continue to grow. However, as it stands right now, Apple shows much greater potential and will likely exceed HPs growth rate, and therefore expand the lead in market cap.
On another note; today, DJIA (and other indices) sharply declined; yet, AAPL continues to hold its strong (about 7%) gain. When the investors come back tomorrow, there’s no reason to believe that the growth wouldn’t continue.
As well all know on these forums, Apple is an insanely innovative company with an incredible momentum. It’s good to be AAPL stockholder…
HP makes the best RPN calculators
Oh, look at cute little Gateway at $570M, so cuuute
“HP makes the best RPN calculators”
They sure do.
I like to have one around so I can decode wasraW, nilbiL,
elopO and eciwotaK when I need it.
apple is tied with gateway as the 4th largest coomputer manufacturer, yet it just over too the number 1 manufacturer in valuation. just goes to show you don’t have to make the most, just make a good product that inspirers insane customer loyalty.
also a quote from the news article in 1997: “There is some concern that Apple will have a hard time recruiting a top-notch CEO because of Jobs’s presence.”
how glad we can be that no top-notch CEO was ever recruited by AAPL
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@the real value:
By the way, Apple is valued 222 x Gateway!
I was wondering if it would be useful for Apple to gobble up Gateway… They have some real estate and stores, they have some (probably unhappy) employees, they have some… Oh… I ran out of ideas.
I guess the only thing it would really achieve is taking out a competitor that is already on its way out.
@Dutch
Adobe’s market cap is $24,219,967,140
That 1/5th of Apple’s value.
So it might be doable. I don’t know if Apple has 25B in cash, but if Jobs wants to buy Adobe, he could find a way.
Unless, of course, he plans to bring Adobe down without buying it: Making better software!
An easy acquisition that could actually bring enormous income and take us back to “the whole widget” is:
AT&T (Market value = $1,101,700,000)
I’m pretty sure Apple could spare a billion…
Umm “Too Hot!”… that’s more like “T” and it’s still way bigger than AAPL…
http://finance.yahoo.com/q?s=t
“There is some concern that Apple will have a hard time recruiting a top-notch CEO because of Jobs’s presence.”
Now THAT is funny.
“To surpass HPs market cap is a remarkable feat, especially for a company that was only ten years ago almost pronounced dead.”
HPQ ~92 billion revenue, ~6 Billion profit
DELL ~57 billion revenue ~2.6 billion profit
AAPL ~19 billion revenue ~2 billion profit
There’s some “surpassing” going on, but only in what people will pay for Apple. That’s all a bet on where Apple might be in the future, not where it is today.
“Now THAT is funny.”
Not so funny, once he’s gone, the RDF will collapse, and nobody wants to preside over that. The next CEO of Apple will be a sacrificial goat.
“AT&T (Market value = $1,101,700,000)”
Wrong, try 250 billion.
Well, for whatever reason, AT&T has 2 stock symbols: “ATT” and “T”.
When I looked up the “ATT” symbol, the market value was 1B.
It is 246B when you look up “T”.
There is no need for name calling. Just an honest error.
“There is no need for name calling. Just an honest error.”
how can you not know that AT&T, a Dow component and one of the oldest and largest corporations in the country has the simple symbol T?
Even if you didn’t know that, How, when you saw the market cap of one billion didn’t you think, That’s not right, something wrong here…
Answer, because all you know about stocks you get from googling around prior to making uninformed posts.
That makes you a dumbass.